Two or More People Working Together to Circumvent Internal Controls

question 165

Multiple Choice

Two or more people working together to circumvent internal controls and defraud a company is known as ________.

• A) encryption
• B) firewall
• C) collusion
• D) separation of duties

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Definitions:

Retailers

Businesses that sell products or services directly to end consumers.

Finance Allowance

A specific amount of money allocated for a particular purpose, such as a rebate or discount, that aids in reducing the cost of financing.

Sales Promotions

Marketing strategies aimed at temporarily increasing interest, demand, or sales of a product or service through incentives or special offers.

Retailers

are businesses that sell goods or services directly to consumers for their personal, non-business use.